
Cryptosport
@cryptosport
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Whales are not in a hurry to sell BTC yet
Large holders of bitcoin (so-called whales) are not in a hurry to fix their profits yet. Judging by their behavior, they are waiting for higher prices - perhaps until the market overheats.
The activity of big players on major exchanges Binance, Bybit and Coinbase is surprising. Usually, when bitcoin approaches its peak, whales send coins en masse to the exchanges to sell.
For example, in May 2024, when the price rose, more than $5.6 billion flowed into exchanges. The next peaks were $8.6 billion and $7.3 billion. After such inflows, the market usually rolls back down for a short to medium period of time.
Bitcoin is now trading around $107,200, up 15.6% from the beginning of the year. 1 reply
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First quarter of 2025
According to the results of the first quarter of 2025, we see a 12% drawdown in bitcoin, which is not a bad result in general and not critical.
But for ether, the situation is much sadder, the result amounted to -45%, which is the worst result since 2018.
However, I see only positive in this, as now is the best time to buy ETH, because its price is extremely pleasant to buy, and its potential is huge.
As for bitcoin and ether, I remain optimistic and expect these assets to reach new heights this year, so I advise you to leave panic behind. 1 reply
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BTC Shows weak dynamics
As I supposed, the asset got into the trading in the range of $78,000 - $85,000, which can be very long + the weekend is ahead, during which we are unlikely to get out of this area.
Locally, I am waiting for a squeeze to the upper boundary with a subsequent rebound, as now it is unlikely to exit to either side.
BTC dominance is declining, the indicator is at 61.71%, but it does not change anything, alta is still suffering, and we are unlikely to see a full-fledged unloading of dominance in the near future. 0 reply
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